Why is Nidhi Granites Ltd ?
1
Company has a low Debt to Equity ratio (avg) at 0.05 times
2
Healthy long term growth as Net Sales has grown by an annual rate of 175.82% and Operating profit at 55.32%
3
Positive results in Sep 25
- NET SALES(Latest six months) At Rs 32.99 cr has Grown at 54.30%
- PBT LESS OI(Q) At Rs 1.76 cr has Grown at 134.7% (vs previous 4Q average)
- PAT(Latest six months) Higher at Rs 3.53 cr
4
With ROE of 19.5, it has a Very Expensive valuation with a 17.7 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 84.04%, its profits have risen by 50.2% ; the PEG ratio of the company is 1.8
5
40.26% of Promoter Shares are Pledged
- In falling markets, high promoter pledged shares puts additional downward pressure on the stock prices
6
Consistent Returns over the last 3 years
- Along with generating 84.04% returns in the last 1 year, the stock has outperformed BSE500 in each of the last 3 annual periods
How much should you hold?
- Overall Portfolio exposure to Nidhi Granites should be less than 10%
- Overall Portfolio exposure to Miscellaneous should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Miscellaneous)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Nidhi Granites for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Nidhi Granites
84.04%
1.83
45.86%
Sensex
4.76%
0.41
11.83%
Quality key factors
Factor
Value
Sales Growth (5y)
175.82%
EBIT Growth (5y)
55.32%
EBIT to Interest (avg)
1.39
Debt to EBITDA (avg)
2.71
Net Debt to Equity (avg)
-0.06
Sales to Capital Employed (avg)
2.62
Tax Ratio
22.34%
Dividend Payout Ratio
0
Pledged Shares
40.26%
Institutional Holding
0
ROCE (avg)
9.51%
ROE (avg)
19.59%
Valuation Key Factors 
Factor
Value
P/E Ratio
90
Industry P/E
9
Price to Book Value
17.65
EV to EBIT
70.66
EV to EBITDA
60.26
EV to Capital Employed
18.80
EV to Sales
5.69
PEG Ratio
1.80
Dividend Yield
NA
ROCE (Latest)
26.61%
ROE (Latest)
19.51%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
No Trend
Technical Movement
16What is working for the Company
NET SALES(Latest six months)
At Rs 32.99 cr has Grown at 54.30%
PBT LESS OI(Q)
At Rs 1.76 cr has Grown at 134.7% (vs previous 4Q average
PAT(Latest six months)
Higher at Rs 3.53 cr
ROCE(HY)
Highest at 26.43%
-1What is not working for the Company
NET SALES(Q)
At Rs 13.18 cr has Fallen at -5.5% (vs previous 4Q average
Loading Valuation Snapshot...
Here's what is working for Nidhi Granites
Profit After Tax (PAT) - Latest six months
At Rs 3.53 cr has Grown at 90.81%
Year on Year (YoY)MOJO Watch
PAT trend is very positive
PAT (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 1.76 cr has Grown at 134.7% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 0.75 CrMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Latest six months
Higher at Rs 3.53 cr
than preceding 12 month period ended Sep 2025 of Rs 1.91 crMOJO Watch
In the half year the company has already crossed PAT of the previous twelve months
PAT (Rs Cr)
Here's what is not working for Nidhi Granites
Net Sales - Quarterly
At Rs 13.18 cr has Fallen at -5.5% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 13.95 CrMOJO Watch
Near term sales trend is negative
Net Sales (Rs Cr)






